3-Unit Multifamily
For Sale
$399,999
5341 Ash Ln, Dallas, TX 75223
Updated, fully occupied units feature two-bedroom layouts and convenient access to Dallas destinations and recreational amenities.
Property Size1,700 SF
Price / SF$235.29
Days on Market59
Property Features for 5341 Ash Ln
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1909
Buildings
2
Listing Agency:
OmniKey Realty, LLC.
Listed By:
Bernard Bell · License #0718117
(305) 998-9922
Source:
Cityupgroup
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 7 at 1:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OmniKey Realty, LLC.
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Investment Insights
Based on property information with market context.
This 3-unit multifamily property includes a duplex and a separate detached building, with 1,700 square feet of total property size and a 1909 construction date. Each residence offers 2 bedrooms and 1 bath. Interior improvements include gray vinyl flooring without carpet, white-painted walls and trim, marble tile bathroom floors, white vanities, tub-and-shower combinations, and kitchens equipped with black appliances and contrasting countertops.
Located at 5341 Ash Lane in Dallas, the property provides access to downtown Dallas, Lakewood, Greenville Ave, and SMU. The Santa Fe Trail is nearby, with connections toward White Rock Lake, while Tenison and Lakewood golf courses are also in the surrounding area. All three units are occupied, with leases extending through 4-20-27, 7-1-27, and 10-31-26.
Located at 5341 Ash Lane in Dallas, the property provides access to downtown Dallas, Lakewood, Greenville Ave, and SMU. The Santa Fe Trail is nearby, with connections toward White Rock Lake, while Tenison and Lakewood golf courses are also in the surrounding area. All three units are occupied, with leases extending through 4-20-27, 7-1-27, and 10-31-26.
Key Highlights
- Three total units arranged as a duplex plus a detached building
- 1,700 square feet of total property size; built in 1909
- All units are 2‑bedroom, 1‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,850
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,000
$517.0K
Cap Rate 7%
$369,286
$369.3K
Cap Rate 9%
$287,222
$287.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$52.6K $30.96/SF
− Vacancy
−$5.6K −$3.31/SF
EGI
$47.0K $27.65/SF
− OpEx
−$21.2K −$12.44/SF
NOI
$25.9K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,000
Cap Rate 7%
$369,286
Cap Rate 9%
$287,222
Alternative Uses
Best Use
Apartment 5plus
$369.3K
$323.1K – $430.8K
NOI $25,850 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,790 @ 7.0% cap · market cap 35.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated, fully occupied units feature two-bedroom layouts and convenient access to Dallas destinations and recreational amenities.
Where is this multifamily property located?
The property is located at 5341 Ash Ln Dallas, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three total units arranged as a duplex plus a detached building; 1,700 square feet of total property size; built in 1909; All units are 2‑bedroom, 1‑bath residences
